Profit rises at Reed Boardall

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Reed Boardall’s profit before exceptional items rose from £2.6m in 2014 to £3.2m in 2015, largely due to improvements in controlling some direct costs.

However, the Boroughbridge-based cold storage and transport business said its transport activities continued to be challenging with competition making it difficult for the group to recover the increases in cost incurred this year.

Sales rose three per cent to £66m for the year to 31 March. A large portion of the group’s turnover and profit was dependent on the volume of stock in store. It reported average store utilisation for the year reaching 89 per cent compared to 86 per cent during 2014.

“2015 was another year of consolidation for us, building on our sound financial track record and making further inroads into eradicating unnecessary costs,” said deputy chief executive Marcus Boardall.

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